Vicor is trading at $328.00, up 13.52%, after raising its Q3 sequential revenue growth outlook.
- Q3 sequential revenue growth is now expected to exceed 30%, up from more than 20%; revenue is forecast above $186.358 million, versus the $165.450 million analyst estimate.
- Vicor attributed the increase to higher royalties from its non-exclusive Vertical Power Delivery technology license.
- Announced September 30, the update is the clearest company-specific catalyst for the October 1 move.